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| 1 | |
The structures and processes in a society that authoritatively make and carry out the society's policies and rules are referred to as: |
| | A) | ideas. |
| | B) | ideologies. |
| | C) | businesses. |
| | D) | governments. |
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| 2 | |
The study of the environment in which businesses operate and its importance for managers is termed as the: |
| | A) | business-government-society field. |
| | B) | business-culture-government field. |
| | C) | business-government-ethics field. |
| | D) | business-society-ethics field. |
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| 3 | |
Which of the following establish the broad goals of life by Defining what is considered good, true, right, beautiful, and acceptable? |
| | A) | Institutions |
| | B) | Values |
| | C) | Ideologies |
| | D) | Cultural habits |
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| 4 | |
A society: |
| | A) | is a network of human relations that includes ideas, institutions, and material things. |
| | B) | refers to structures and processes that authoritatively make and apply rules. |
| | C) | refers to a broad term encompassing a range of actions and institutions. |
| | D) | is a basic way of seeing the BGS relationship. |
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| 5 | |
The function of business is to: |
| | A) | establish the broad goals of life by Defining what is considered right and acceptable. |
| | B) | make a profit by producing goods and services at prices attractive to consumers. |
| | C) | make economic policy, collect taxes, and provide social safety nets. |
| | D) | impart values, habits, and norms in family, religious, or educational institutions. |
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| 6 | |
In the BGS field, this Defines the broad Duties that businesses must perform to retain society's support. |
| | A) | Mercantilism |
| | B) | Laissez-faire agreement |
| | C) | Social contract |
| | D) | Countervailing force |
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| 7 | |
This model of the BGS relationship depicts business as operating within a market environment, responding primarily to powerful economic forces. |
| | A) | The stakeholder model |
| | B) | The countervailing forces model |
| | C) | The Dominance model |
| | D) | The market capitalism model |
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| 8 | |
This is an economy in which private individuals and corporations own the means of production and, motivated by the Desire for profit, compete in free markets under conditions of limited restraint by government. |
| | A) | Socialism |
| | B) | Populism |
| | C) | Individualism |
| | D) | Capitalism |
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| 9 | |
This is a market economy in which the Dominant businesses are large firms run by salaried managers, not smaller firms run by owner-entrepreneurs. |
| | A) | Investor capitalism |
| | B) | Entrepreneurial capitalism |
| | C) | Managerial capitalism |
| | D) | Corporate capitalism |
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| 10 | |
An important assumption that is incorporated in the market capitalism model which asserts that government interference in economic life is slight is called: |
| | A) | zero aggression principle. |
| | B) | laissez-faire. |
| | C) | corporate capitalism. |
| | D) | populism. |
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| 11 | |
In the market capitalism model, the proper measure of corporate performance is: |
| | A) | customer satisfaction. |
| | B) | profit. |
| | C) | quality. |
| | D) | market share. |
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| 12 | |
Proponents of the Dominance model Do all of the following EXCEPT: |
| | A) | focus primarily on the interaction of government with society and business. |
| | B) | believe that regulation by a government in thrall to big business is feeble. |
| | C) | believe that market forces are inadequate to ensure ethical management. |
| | D) | focus on the Defects and inefficiencies of capitalism. |
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| 13 | |
A recurrent spectacle in which common people who feel oppressed in some way seek to take power from a ruling elite that thwarts fulfillment of the collective welfare is called: |
| | A) | socialism. |
| | B) | populism. |
| | C) | individualism. |
| | D) | capitalism. |
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| 14 | |
The countervailing forces model: |
| | A) | depicts business as operating within a market environment, responding primarily to powerful economic forces. |
| | B) | depicts the BGS relationship as a flow of interactions among the major elements of society. |
| | C) | shows the corporation at the center of an array of mutual relationships with persons, groups, and entities called stakeholders. |
| | D) | is Depicted in a pyramidal, hierarchical image of society which primarily represents the perspective of business critics. |
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| 15 | |
This model reflects the BGS relationship in industrialized nations with Democratic traditions. |
| | A) | The stakeholder model |
| | B) | The market capitalism model |
| | C) | The Dominance model |
| | D) | The countervailing forces model |
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| 16 | |
All of the following are examples of primary stakeholders in the stakeholder model EXCEPT: |
| | A) | activist groups. |
| | B) | governments. |
| | C) | customers. |
| | D) | employees. |
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| 17 | |
Which of the following is an example of secondary stakeholders in the stakeholder model? |
| | A) | Stockholders |
| | B) | Employees |
| | C) | Trade associations |
| | D) | Communities |
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| 18 | |
The stakeholder model: |
| | A) | depicts business as operating within a market environment. |
| | B) | represents primarily the perspective of business critics. |
| | C) | seeks to give power to the powerless by replacing force with ethical Duty. |
| | D) | acts as a buffer between business and nonmarket forces. |
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| 19 | |
Strategic management may be Defined as: |
| | A) | the broad Duties that business must perform to retain society's support. |
| | B) | actions taken by managers to adapt a company to changes in its market and sociopolitical environments. |
| | C) | formal patterns of relations that link people together to accomplish a goal. |
| | D) | a network of human relations composed of ideas, institutions, and material things. |
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| 20 | |
A statement that creates insight by Describing relationships in a Diffuse subject matter is a(n): |
| | A) | value. |
| | B) | theory. |
| | C) | ideology. |
| | D) | objective. |
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